UPS (NYSE: UPS) reported second-quarter 2021 financial results before the regular market hours on Tuesday. The package delivery company reported Q2 revenue of $23.4 billion, up 14.5% year-over-year and higher than the Wall Street projection. Net income of $3.06 per share was also above the target that analysts had anticipated.
UPS shares were down 1% immediately following the announcement. The stock has gained 28% since the beginning of this year.
When online platforms thrived on the unusually strong traffic growth during the shutdown, as home-bound people turned to video-streaming and gaming sites, there was speculation that the trend might reverse
Production disruption and logistics issues continue to have a crippling effect on the industrial sector but the performance of companies, in general, has been mixed so far. Fastenal Company (NASDAQ:
Netflix, Inc. (NASDAQ: NFLX) Thursday said it added 8.3 million paid members in the December quarter. Revenues increased and matched estimates, aided by the relaxation of COVID restrictions and resumption